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December 21, 2007 |
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VERIFONE HOLDINGS: Special Interest to Accrue on 1.375% Notes VeriFone Holdings Inc. said that beginning Dec. 20, 2007, special interest will accrue on its 1.375% convertible notes due 2012 at a rate of 0.25% per annum. Special interest will accrue on the convertible notes pursuant to the registration rights agreement and the indenture relating to the convertible notes until a registration statement relating to the convertible notes is declared effective. VeriFone expects to file a registration statement relating to the convertible notes following the completion of its previously announced restatement and the filing of its annual report on Form 10-K for the fiscal year ended Oct. 31, 2007. The convertible notes were previously issued through offerings to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. No registration statement relating to the securities described above has yet been filed with the Securities and Exchange Commission. This notice does not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. About VeriFone VeriFone Inc. is headquartered in Santa Clara, California, and is a global market leader in the development and sale of point- of-sale electronic payment systems. The company has operations in Argentina, Australia, Brazil, China, France, India, Malaysia, Poland, the United Kingdom, the United States, among others. * * * As reported in the Troubled Company Reporter on Sept. 29, 2006, Moody's Investors Service has affirmed the Corporate Family Rating of B1 of VeriFone and revised the rating outlook to stable from negative. At the same time, Moody's assigned ratings to new bank credit facilities that VeriFone will use to finance its pending acquisition of Lipman Electronic Engineering Ltd. |
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